Word: shaddick
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...trial turned out to be largely a cram course for the jury in accounting and the subtleties of foreign exchange trading. "This trial," complained a reporter from Milan, "it is arithmetical, not passionate." Still it did have its moments. The star witnesses against Sindona were Carlo Bordoni and Peter Shaddick, who had already been convicted of fraud in the case. Sindona's attorney tried to show that Bordoni was prejudiced against his client and got him to claim that Sindona had tried to rape his wife. Having provoked the charge, the defense denied that Sindona had committed...
...that its losses for the first five months of 1974 actually totaled a numbing $63.6 million. The reason for part of these gi gantic losses is still mysterious. Some analysts believe that wild gambles on the swings of foreign exchange rates oc curred in the international department when Peter Shaddick was in charge...
...Erich Heinemann, vice president for corporate planning, who called the chairman's statement about the currency-trading losses inaccurate-he did not say in what respect-was fired. Peter Shaddick, head of the foreign-exchange department, resigned, as did the law firm of Kaye, Scholer, Fierman, Hayes & Handler, attorneys for Franklin National since the 1940s...
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